Tuesday, 8 August 2017

EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 08 AUGUST 2017

Cardamom trading range for the day is 1075.3-1115.1. Cardamom dropped on profit booking after prices gained amid lower than expected output due to weak rains in Kerala and Tamil Nadu. Arrivals are below expectation and whatever quantity is coming to market is absorbed. Second round of picking activities has commenced but supplies are lower. Cardamom prices in spot market dropped by 12.20 rupees and settled at 1181.70 rupees.